Saturday, April 25, 2009

What's really happening to America

The same thing that happens to local municipalities.

The businesses move out of town, build factories in other locations, and still sell their products in-town to people who don't have good paying jobs anymore. The flow of money out is a swollen river, while the local income in low wages is a trickling stream.

This is the cause of the housing crisis, the credit crunch, bankruptcies, etc.

This is happening to most of the developed countries on a global scale. the money is flowing into East Asia from Oceania. It looks like George Orwell will be correct after all, and very shortly.